Saudi Prince Al Waleed Bought 5% of Lucid on Same Day Bankruptcy Rumor Broke

Prince Al Waleed bin Talal purchased over 19 million Lucid Motors shares — a 5% passive stake — on July 14, 2026, disclosed via SEC Schedule 13G filing on July 28. That same day, an EV blog reported Lucid was considering bankruptcy or a PIF-led take-private deal; Lucid denied it. The PIF already holds roughly 60% of Lucid. The prince called the purchase, made below a $2 billion market cap, an independent vote of confidence.